Investors' Soapbox PM

A Top Home-Builder Pick for Q4 Earnings

MKM prefers DR Horton to NVR, PulteGroup and Ryland Group.

January 24, 2014

MKM Partners

We remain generally constructive on home builders headed into fourth-quarter earnings season. While we don't expect fourth-quarter orders or earnings trends to see meaningful accelerations from third-quarter levels, we expect management commentary to remain positive and to point to generally improving trends vs. the slowdown this past fall.